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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Weighted-Average Assumptions Used to Estimate the Fair Value of Each Share Option Award

The fair value of each share option award on the date of grant was estimated using the Black-Scholes method based on the following weighted-average assumptions:

 

 

 

Year Ended

 

 

 

December 31,

2017

 

 

January 1,

2017

 

 

January 3,

2016

 

Risk-free interest rate

 

 

 

 

 

 

 

 

1.8

%

Expected term

 

 

 

 

 

 

 

5.8 years

 

Expected volatility

 

 

 

 

 

 

 

 

57.0

%

Expected dividend yield

 

 

 

 

 

 

 

 

2.8

%

 

Summary of Share Option Awards

A summary of the status of the Company’s share option awards is presented below:

 

 

 

Shares

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Life

(In Years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding at January 1, 2017

 

 

224,379

 

 

$

14.13

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(11,086

)

 

 

6.07

 

 

 

 

 

 

 

 

 

Forfeited or Expired

 

 

(69,000

)

 

 

23.82

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2017

 

 

144,293

 

 

$

10.11

 

 

 

3.00

 

 

$

159,083

 

Exercisable at December 31, 2017

 

 

130,543

 

 

$

9.74

 

 

 

2.56

 

 

$

159,083

 

Vested and Expected to Vest at December 31, 2017

 

 

144,256

 

 

$

10.11

 

 

 

3.00

 

 

$

159,083

 

 

Summary of Nonvested Share Awards Activity

The following table details the Company’s nonvested share awards activity for fiscal 2017:

 

 

 

Shares

 

 

Weighted-

Average Grant-

Date Fair Value

 

Balance at January 1, 2017

 

 

355,130

 

 

$

12.86

 

Granted

 

 

191,000

 

 

 

14.88

 

Vested

 

 

(137,135

)

 

 

13.46

 

Forfeited

 

 

(31,960

)

 

 

13.51

 

Balance at December 31, 2017

 

 

377,035

 

 

$

13.61

 

The following table details the Company’s nonvested share unit awards activity for fiscal 2017:

 

 

 

Units

 

 

Weighted-

Average Grant-

Date Fair Value

 

Balance at January 1, 2017

 

 

27,750

 

 

$

9.55

 

Granted

 

 

21,000

 

 

 

13.90

 

Vested

 

 

(25,500

)

 

 

10.15

 

Forfeited

 

 

 

 

 

 

Balance at December 31, 2017

 

 

23,250

 

 

$

12.82